IMF calls for further hike in gas, power tariffs
The government notified an increase in gas prices.
Islamabad - Arab Today
Dawn report by Anwar Iqbal states that Pakistan is facing significant economic challenges, with declining growth, high fiscal and current account deficits and low levels of international reserves, says a report the International Monetary Fund (IMF) released on Thursday. The IMF end-of-mission statement acknowledges that Islamabad has recently taken some policy measures, but said those were not sufficient and “decisive policy action and significant external financing” were needed to stabilize the economy.
The News report by Israr Khan states that the government notified an increase in gas prices for seven different gas consumption slabs, with 10 percent hike for the lowest slab and raise of 143 percent for the highest gas consuming slab. These new prices would be effective from September 27, 2018.
From: Arabnews
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